Question 1
A(n) ________ system posts an approved invoice to the vendor account and stores it in an open invoice file until payment is made by check.
◦ nonvoucher
◦ voucher
◦ cycle
◦ evaluated receipt settlement
Question 2
A disbursement voucher contains
◦ a list of outstanding invoices.
◦ the net payment amount after deducting applicable discounts and allowances.
◦ the general ledger accounts to be debited.
◦ All of these are correct.
